Siren (SIREN) has experienced a dramatic price collapse, plunging 23.3% to $1.67 in the past 24 hours, according to real-time market data. The steep decline has erased approximately $372 million from the token’s market capitalization, bringing it down to $1.22 billion.
The cryptocurrency, which currently holds the 61st position by market cap, reached an intraday low of $1.49 before recovering slightly to its current price level. Just 24 hours ago, SIREN traded as high as $2.35, marking a swing of nearly 37% from peak to trough.
Sharp Reversal After Recent Rally
Despite today’s significant selloff, SIREN remains up 108.9% over the past seven days and has gained an impressive 421.6% over the past 30 days. This suggests the current decline may represent profit-taking following an extended rally rather than a fundamental shift in market sentiment.
The token reached its all-time high of $3.61 just five days ago on March 22, 2026. Today’s price of $1.67 represents a 53.8% decline from that peak, indicating a substantial correction for investors who bought near the top.
Trading Volume Surges
Trading activity has intensified during the downturn, with 24-hour volume reaching $42.2 million. The heightened volume suggests strong market participation as traders react to the price movement, though the precise catalyst for the selloff remains unclear.
The circulating supply stands at 728.2 million tokens out of a maximum supply of 1 billion SIREN, representing approximately 73% of the total allocation already in circulation.
Market Context
SIREN’s fully diluted valuation matches its current market cap at $1.22 billion, indicating minimal overhang from unvested tokens. However, with 272 million tokens still to enter circulation, future dilution remains a consideration for long-term holders.
The cryptocurrency has demonstrated extreme volatility since its all-time low of $0.026 recorded exactly one year ago on March 11, 2025. From that bottom, SIREN has surged over 6,200%, showcasing the dramatic price swings characteristic of emerging digital assets.
Short-term momentum remains bearish, with SIREN down 2.4% in the past hour alone. Traders should monitor key support levels around the $1.49 intraday low, as a break below could trigger additional selling pressure.
This is a developing story. Market data current as of March 27, 2026, 00:22 UTC.
Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].
Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions.
About the Author: Ananya Melhotra
